‘Tupac Hologram’ Maker Digital Domain Files for Bankruptcy

Digital Domain Media Group Inc DDMG 0.00%. said it filed for Chapter 11 bankruptcy and agreed to sell its core business to private investment firm Searchlight Capital Partners LP for $15 million.

According to The Wall Street Journal, Peregrine Financial Group Inc.’s chief Russell Wasendorf Sr. is cooperating with investigators looking into the company’s alleged fraud, and regulators are trying to halt a plan returning money to certain customers.

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